Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) Short Interest Down 68.3% in August

Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) was the target of a significant decrease in short interest in August. As of August 14th, there was short interest totaling 20,098 shares, a decrease of 68.3% from the July 30th total of 63,374 shares. Based on an average trading volume of 88,492 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On Neuberger Berman Municipal Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Van ECK Associates Corp lifted its stake in shares of Neuberger Berman Municipal Fund by 0.4% during the second quarter. Van ECK Associates Corp now owns 281,107 shares of the company’s stock valued at $2,966,000 after buying an additional 1,251 shares during the period. Kestra Advisory Services LLC grew its stake in Neuberger Berman Municipal Fund by 7.9% in the 1st quarter. Kestra Advisory Services LLC now owns 19,760 shares of the company’s stock worth $201,000 after acquiring an additional 1,448 shares during the period. Osaic Holdings Inc. grew its stake in Neuberger Berman Municipal Fund by 14.0% in the 2nd quarter. Osaic Holdings Inc. now owns 15,102 shares of the company’s stock worth $148,000 after acquiring an additional 1,859 shares during the period. Hollencrest Capital Management raised its holdings in Neuberger Berman Municipal Fund by 32.8% in the 1st quarter. Hollencrest Capital Management now owns 9,687 shares of the company’s stock valued at $98,000 after acquiring an additional 2,392 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Neuberger Berman Municipal Fund by 14.6% in the 1st quarter. Bank of New York Mellon Corp now owns 22,036 shares of the company’s stock valued at $224,000 after acquiring an additional 2,804 shares during the last quarter.

Neuberger Berman Municipal Fund Trading Up 0.5%

Neuberger Berman Municipal Fund stock traded up $0.05 during midday trading on Friday, reaching $10.26. 117,378 shares of the company were exchanged, compared to its average volume of 93,699. The firm’s 50-day simple moving average is $10.34 and its 200-day simple moving average is $10.32. Neuberger Berman Municipal Fund has a 1 year low of $9.77 and a 1 year high of $10.72.

Neuberger Berman Municipal Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be paid a dividend of $0.0542 per share. This represents a c) annualized dividend and a dividend yield of 6.3%. The ex-dividend date of this dividend is Monday, August 31st.

Neuberger Berman Municipal Fund Company Profile

Neuberger Berman Municipal Fund (NYSE American: NBH) is a closed-end investment company that seeks to provide shareholders with tax‐exempt income by investing primarily in a diversified portfolio of municipal securities. Managed by Neuberger Berman Management LLC, the fund focuses on high‐quality state and local government obligations, including general obligation bonds, revenue bonds and essential‐purpose debt issued by U.S. municipalities and related entities.

The fund’s portfolio construction emphasizes broad geographic diversification across the United States, targeting sectors such as transportation, education, healthcare and utilities.